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No. 3 / 2026 — Autumn

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Theoretical and Applied Economics
No. 3 / 2019 (620), Autumn

International Financial Markets face to face with Artificial Intelligence and Digital Era

Narcisa Roxana MOȘTEANU
AUE, UAE, Romania

Abstract. Economic development is the process by which a nation improves the economic, political and social well-being of its people. The research paper starts from the reality that financial markets play an important role in each economy. The research find out that, the inequalities in the levels of development of the regions have arisen from two main reasons: economic and social conditions; and, the level of implementation of artificial intelligence and digital finance – FinTech. Nowadays, investments and financial markets are moving to a next stage: artificial intelligence and secured financial services and transfers using digital financial system, Blockchain. The research paper comes to present how artificial intelligence combine financial information with tech capabilities, accelerate digital transformation of finance to create a more safety business and economic environment, reducing human error.

Keywords: financial markets; financial intermediaries; financial instruments; artificial intelligence; digital finance; Blockchain.

Contents

1

The main factors of economic growth in the European Union

Amalia CRISTESCU · Gabriela TÎLVĂR

2

Currency risk management model

Constantin ANGHELACHE · Mădălina Gabriela ANGHEL · Dana Luiza GRIGORESCU

3

Assessing the performance of Pillar II in Romania – time weighted versus money weighted rate of return

Bogdan Andrei DUMITRESCU · Andreea Elena DRAGHIA

4

Does democracy increase total tax revenues? The case of selected OECD countries

Günay ÖZCAN · İbrahim ÖZMEN

5

An evaluation of the turnover tax system in South Africa

Danie SCHUTTE · Danelle LABUSCHAGNE · Maria-Andrada GEORGESCU · Cornelia POP

6

Sensitivity of bankruptcy prediction models to the change in econometric methods

Bhanu Pratap SINGH · Alok Kumar MISHRA

7

Risk management associated with the interbank relationships

Cristian ANGHEL

8

Challenging the status quo: Steel producer case study on the enterprise value for M&A

Mădălina Viorica MANU · Ilie VASILE

9

Innovation as imperative for increasing productivity and economic growth: The case of the selected EU member countries and non-EU member countries

Lejla TERZIĆ

10

International Financial Markets face to face with Artificial Intelligence and Digital Era

Narcisa Roxana MOȘTEANU

11

Determinants of domestic saving rate in Turkey: A new generation econometric analysis

Ismet GOCER

12

A behavioral model of failure in business

Cristina Mariana ENE (VASILE) · Cosmin VIZINIUC · Alexandru TAŞNADI

13

The effect of oil prices on foreign trade deficit in the economics of Bulgaria

Nazife Özge BEŞER

14

Relationship between mortality and financial crisis. The case of Greece

Dimitrios DAPONTAS

15

Profit management in the case of financial distress and global volatile market behaviour: Evidence from Borsa Istanbul Stock Exchange

Tuğba KAYHAN · Temur KAYHAN · Engin YARBAŞI

16

Insurance consumption in the Maghreb countries (Algeria, Morocco and Tunisia): Financial and institutional determinants

Dalila BENZIANE · Qasim SHAH

17

Non-linear finance-growth nexus for African countries: A panel smooth transition regression approach

Mustapha JOBARTEH · Huseyin KAYA